Loan people constantly ringing me & threatening saying my mum will have to pay

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

luke626

User avatar
Posts: 1
Joined: Tue Feb 20, 2018 7:05 pm

Post by luke626 » Tue Feb 20, 2018 7:05 pm
Hi I'm going through the progress of iva at the moment one of my loan people constantly ringing me and threatening saying my mum will have to pay it as she was guarantor the loan was out in my name and address so not sure what will happen

kallis3

User avatar
Forum Expert
Posts: 74141
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Feb 20, 2018 7:20 pm
Hi,
Unfortunately your mum will have to continue paying the loan as guarantor.
http://kallis3.blogs.iva.co.uk/
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.

Foggy

User avatar
Forum Expert
Posts: 28145
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Feb 20, 2018 7:29 pm
As Kallis says, although the loan will be in your IVA you mother will now be responsible for making the repayments as guarantor.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”